Phillip Kalantzis-Cope Good morning, East Village.
The Times looks back on what made Lakeside Lounge so special (“once, while Joey and Dee Dee Ramone played, audience members watched the police raid a nearby crack house and line suspects up against the picture window beside the stage”) and gives a clue as to why it’s closing at the end of the month: “[Owner Eric] Ambel said rent and expenses had more than quadrupled since the mid-1990s, forcing him and Mr. Marshall to face the prospect of deviating from the formula that had served Lakeside, its musicians and its patrons so well.” According to WNYC, the rent was $9,000 a month.
Flaming Pablum uses the closing of Lakeside as an excuse to look back on five other bygone dive bars, including Alcatraz on St. Marks Place, an “endearingly seedy joint that catered to acolytes of all things loud, boozy and rude.”
With the average rent in Manhattan at $3,418 a month and the vacancy rent at just 1 percent despite the lagging economy, The Times lays down some real talk: “For those who find buying a home in New York City is not an option — whether because of bad credit, tougher lending standards or lack of a down payment — the choices are limited and often unappealing.” If you are buying, the Daily News points out that there are still deals to be found in the Lower East Side. Read more…
